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First Capital Exits ALA Investment with Strong Returns

Story Highlights
  • First SICAF sells its ALA stake to H.I.G. Capital for over 10 million Euros.
  • The transaction highlights First Capital’s successful investment strategy and ALA’s industry growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Capital Exits ALA Investment with Strong Returns

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An update from First Capital S.p.A. ( (IT:FIC) ) is now available.

First Capital’s subsidiary, First SICAF, has agreed to sell its stake in ALA S.p.A. to H.I.G. Capital’s Wing HoldCo, generating over 10 million Euros with a cash on cash multiple of 3.5x. This transaction not only provides significant returns but also validates First Capital’s investment strategy in nurturing companies with strong industrial histories and ambitious management, as evidenced by ALA’s growth and recognition by international investors.

The most recent analyst rating on (IT:FIC) stock is a Buy with a EUR25.40 price target. To see the full list of analyst forecasts on First Capital S.p.A. stock, see the IT:FIC Stock Forecast page.

More about First Capital S.p.A.

First Capital S.p.A. is a financial holding company specializing in Private Investments in Public Equity and Private Equity investments. The company focuses on small and medium-sized listed companies, particularly those in the pre-IPO phase or interested in future listings. Their strategy involves identifying market leaders with strong management and sustainable development plans, and they actively manage investments by participating in the governance of target companies.

Average Trading Volume: 829

Technical Sentiment Signal: Strong Buy

Current Market Cap: €51.69M

See more insights into FIC stock on TipRanks’ Stock Analysis page.

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